Pekin Hardy Strauss Inc. purchased a new stake in VanEck ChiNext ETF (NYSEARCA:CNXT – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,930 shares of the company’s stock, valued at approximately $853,000. Pekin Hardy Strauss Inc. owned about 1.05% of VanEck ChiNext ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Group One Trading LLC lifted its holdings in shares of VanEck ChiNext ETF by 1,500.0% in the 1st quarter. Group One Trading LLC now owns 3,200 shares of the company’s stock valued at $145,000 after buying an additional 3,000 shares during the period. Cetera Investment Advisers acquired a new stake in VanEck ChiNext ETF during the first quarter worth about $203,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in VanEck ChiNext ETF during the second quarter worth about $323,000. Finally, Vontobel Holding Ltd. purchased a new position in VanEck ChiNext ETF during the third quarter valued at approximately $280,000. 36.93% of the stock is owned by institutional investors and hedge funds.
VanEck ChiNext ETF Price Performance
CNXT stock traded down $0.08 during trading on Friday, hitting $35.75. 53,804 shares of the company traded hands, compared to its average volume of 87,586. The stock’s 50-day simple moving average is $43.32 and its 200 day simple moving average is $48.97. The company has a market cap of $62.56 million, a PE ratio of 27.22 and a beta of 0.72. VanEck ChiNext ETF has a 1 year low of $34.48 and a 1 year high of $62.59.
About VanEck ChiNext ETF
The VanEck ChiNext ETF (CNXT) is an exchange-traded fund that is based on the ChiNext – RMB index. The fund tracks a cap-weighted index of 100 small- and medium-size companies traded on the SME Board and ChiNext Board of the Shenzhen Stock Exchange. CNXT was launched on Jul 23, 2014 and is managed by VanEck.
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